First AMD and now Spansion. Will there be more layoffs announced? Interesting when at least in the local (Silicon Valley), news there have been recent articles about having a lower unemployment rate than the rest of the state.

There does seem to be a lot of down sizing in the industry right now. Consolidating their production facilities tells me that they don't have enough product being manufactured to keep them both busy. Not a good direction for the company.

I would have to speculate that the market is going to NAND. For applications of code storage, I am not sure that this is a prudent direction. NOR is much higher quality flash and better suited towards code storage.
Hang in there Spansion!